| Note* | 2018 $000 |
2017 $000 |
||
|---|---|---|---|---|
|
Cash flows from operating activities |
||||
|
Receipts |
||||
|
Sale of goods and services |
122,187 | 119,296 | ||
|
Interest received |
677 | 916 | ||
|
Other receipts |
1,190 | 1,219 | ||
|
Payments |
||||
|
Employee benefits |
(19,782) | (19,973) | ||
|
Supplies and services |
(24,579) | (23,335) | ||
|
Forest management expenditure |
(72,783) | (74,901) | ||
|
Net cash generated by operating activities |
38.2 | 6,910 | 3,222 | |
|
Cash flows from investing activities |
||||
|
Payments |
||||
|
Purchase of non-current physical assets |
(3,340) | (6,077) | ||
|
Purchase of intangible assets |
(305) | (211) | ||
|
Purchase of investments - Investment in new plantations |
(6,068) | (5,849) | ||
| Net cash used in investing activities | (9,713) |
(12,137) |
||
|
Cash flows from / (to) State Government |
||||
|
Royalties for Regions Fund |
250 | 250 | ||
|
State Contribution (equity injection) |
1,300 | 2,100 | ||
|
Other grants and subsidies |
5,353 | 1,451 | ||
| Dividends paid | (3,617) |
(2,530) |
||
| Taxation equivalents | (1,278) |
(561) |
||
| Net cash received from State Government | 2,008 |
710 |
||
| Net decrease in cash and cash equivalents | (795) |
(8,205) |
||
| Cash and cash equivalents at the beginning of year | 31,346 |
39,551 |
||
| Cash and cash equivalents at the end of year | 38.1 | 30,551 |
31,346 |
|
For the year ended 30 June 2018. The 'Statement of cash flows' should be read in conjunction with the accompanying notes.